1475 W 28th Street
Los Angeles, CA 90007
- – beds
- – baths
- – sqft
- 7,432 sqft lot
- 1922 build
- – on site
We are pleased to present the opportunity to acquire 1475 W. 28th Street, a three (3) unit, eight (8) bedroom student housing investment, located in the prestigious DPS Patrol Zone, and just blocks to the University of Southern California (USC). This single-story building was constructed of wood frame and stucco on a raised foundation, featuring a total square footage of 2,597 SF on a 7,430 SF Lot. Current income is $8,725/month. The front single-family residence consists of 5-bedrooms + 3-bathrooms, with a total income of $6,500/month, fully occupied with USC students. The two detached units towards the back of the lot consists of a 1-bedroom + 1-bathroom unit ($975/month) & a 2-bedroom + 1-bathroom unit ($1,250/month). Priced at a current 6.75% Cap Rate excellent cash flow investment with approximately 50% upside in potential rents.
Last checked:
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Last updated Jan 16, 2025
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MLS# 25484135 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1922
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New Construction:No
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Building Area Total:2597.00
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Total Number Of Units:3
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# of Buildings:2
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Stories Total:1
Interior
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Levels:One
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:1475 W. 28th Street | Los Angeles, CA 90007
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Latitude:34.02984400
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Longitude:-118.29380800
The Property
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Property Type:Residential Income
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Zoning:LAR2
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Lot Size Area:7432.0000
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Lot Size Acres:0.1706
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Lot Size SqFt:7432.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5054031019
Heating & Cooling
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Cooling:Yes
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Cooling:Dual
Appliances
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Appliances:Disposal, Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking Spaces:3.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/16/25
Jan 16, 2025
|
Listed / Active | CRMLS_CA | $1,270,000 | 27.0% (11.1% / YR) |
|
8/15/22
Aug 15, 2022
|
CRMLS_CA | $1,000,000 | -7.0% | |
|
8/13/22
Aug 13, 2022
|
CRMLS_CA | $1,075,000 |
